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SUBJECT:
<br />TRANSPORTATION ISSUES & BALLOT MEASURES
<br />DATE:
<br />SEPTEMBER 11, 2018
<br />PAGE 4 OF 7
<br />In addition, the sales tax ballot measure (ballot measure 1 below) would generate
<br />significant revenues for local governments through the Local Transportation Priorities
<br />Fund. If passed, the City is projected to receive more than $20 million in revenues over
<br />the next twenty years in addition to our current HUTF distributions.
<br />Estimated New Revenue
<br />Sales Tax
<br />from 0.62%
<br />Increase
<br />Distribution
<br />City
<br />Current HUTF
<br />Distributions for FY
<br />2017 (including
<br />FASTER revenue)
<br />First Year
<br />Revenue
<br />Projected 20-year
<br />Total Revenue
<br />BOULDER
<br />$2,567,425
<br />$2,884,347
<br />$81,568,403
<br />1.881%
<br />ERIE
<br />$689,970
<br />$740,268
<br />$20,934,556
<br />0.483%
<br />JAMESTOWN
<br />$10,510
<br />$12,671
<br />$358,345
<br />0.008%
<br />JOHNSTOWN
<br />$418,053
<br />$411,612
<br />$11,640,256
<br />0.268%
<br />LAFAYETTE
<br />$815,975
<br />$861,128
<br />$24,352,433
<br />0.562%
<br />LONGMONT
<br />$2,925,615
<br />$3,159,702
<br />$89,355,367
<br />2.061%
<br />LOUISVILLE
<br />$633,674
<br />$713,745
<br />$20,184,475
<br />0.465%
<br />LYONS
<br />$64,455
<br />$74,695
<br />$2,112,343
<br />0.049%
<br />NEDERLAND
<br />$55,214
<br />$61,742
<br />$1,746,034
<br />0.040%
<br />SUPERIOR
<br />$312,381
<br />$354,954
<br />$10,037,993
<br />0.231%
<br />WARD
<br />$8,834
<br />$10,048
<br />$284,153
<br />0.007%
<br />Boulder
<br />County Total
<br />$8,502,106
<br />$9,284,912
<br />$262,574,357
<br />6.055%
<br />100.000%
<br />$142,550,207
<br />$153,340,000
<br />$4,336,406,409
<br />Transportation Ballot Measures:
<br />1. Initiative 153, Transportation Funding, Let's Go Colorado
<br />Initiative 153 seeks to raise money for transportation projects with a .62%
<br />increase in the state's sales -and -use tax from 2.9% to 3.52% for a 20-year period
<br />commencing in 2019. The ballot measure provides for revenues to be allocated
<br />45% to state projects, 40% to municipal and county projects, and 15% to multi -
<br />modal projects. The Colorado Department of Transportation (CDOT) would be
<br />able to sell up to $6 billion in bonds with the tax increase's revenue for statewide
<br />roadway improvements while also providing significant new funding for city
<br />streets, county roads, transit, and other multi -modal mobility improvements
<br />around the state. As outlined above, the City if Louisville would benefit directly
<br />from this ballot initiative. CML supports this ballot issue, as does the Metro
<br />Mayors Caucus.
<br />Staff recommends the City SUPPORT this measure.
<br />2. Initiative 167, Authorize Bonds for Transportation Funding, Fix Our Damn
<br />Roads
<br />Initiative 167 would require the state to prioritize its existing funding in a way that
<br />CITY COUNCIL COMMUNICATION
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